found some information on other fields in the onshore Otway...

found some information on other fields in the onshore Otway area:

N Paaratte/Iona & Katnook

reserves: 40bcf & ??.

Production: averaged about 6-8 mmcf/d + 4-12bbl/mmcf of condensate 42-52 API. Some peaks of 20mmcf/d+.

Life - over 10 years

See link: http://www.appea.com.au/index.php?option=com_content&task=blogsection&id=7&Itemid=32

Looks good for EPR. If we get production of 6mmcf/d + 50bbl/d. Annual revenue will be about $11M. If the field life is 10+ years, this is not bad cash flow. Depending on EPR drilling of other fields in the area, the onshore Otway basin could be a good cash cow for regional exploration, namely P46 & P50. Nice that EPR has 100% of the onshore field and P168 permit.

EPR has matured many prospects in the area. If we have a cashflow we can drill them while retained a greater equity share.

very good upside for the Longer term investor...